LAIRD TECHNOLOGIES ACQUIRES AEROCOMM Acquisition Helps Grow Wireless Communication System Capabilities
St. Louis, Missouri, USA - January 24, 2007
Laird Technologies, the
world's leading designer and manufacturer of antenna solutions,
electromagnetic interference (EMI) shielding products, telematics, signal
integrity products and thermal management solutions, today announced the
acquisition of AeroComm for $38m. Profits for the year ending December
31, 2006 were $2.9m.
AeroComm is a leading designer and manufacturer of wireless
communications systems for low- to mid-volume OEM applications where
high reliability communications are required. The company designs and
builds complete systems based on proprietary or standard communications
protocols including antennas, complete RF processing hardware, operating
software and interfaces to a multitude of OEM systems. Key applications
include gaming machines, industrial automation, lighting controls, heavy
equipment telemetry, athletic event scoreboards, wheel alignment sensor
systems, automatic utility meter readers, etc.
"We have been growing Laird Technologies since its inception by continually
broadening the range of electronic components we can offer to our
customers," said Martin L. Rapp, CEO of Laird Technologies. "And this will
continue. With the acquisition of AeroComm, we enter a new phase of our
development, with the ability to offer complete wireless communication
systems for equipment manufacturers who want their products to
communicate wirelessly but don't have the internal skills to know how."
Dan Miller, co-founder of AeroComm, said, "AeroComm is well respected in
our ability to quickly and efficiently provide custom wireless communication
modules. We will now be able to grow much faster by being part of Laird
Technologies, with their global reach and broad customer base."
AeroComm operates from a facility in Lenexa, Kansas.
About Laird Technologies, Inc.
Laird Technologies designs and supplies customized, performance-critical products for wireless and other advanced electronics applications.
The company is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal management products, mechanical actuation systems, signal integrity components, and wireless antennae solutions, as well as radio frequency (RF) modules and systems.
Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, and industrial markets.
Laird Technologies, a unit of Laird PLC, employs over 14,000 employees in more than 40 facilities located in 14 countries.
For additional information or your nearest Laird Technologies
representative, contact:
Tel: (866) 928-8181 or (636) 898-6000
Fax: (636) 898-6100
Internet: www.lairdtech.com
e-mail: sales@lairdtech.com
